Economists survey: 74% expect U.S. recession by end of 2021
The economists surveyed were skeptical about prospects for success of the latest round of U.S.-China trade negotiations. Only 5% predicted that a comprehensive trade deal would result.
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U.S. delays China tariffs on some holiday-shopping favorites
By granting a grace period for everyday items such as some phones and toys, the U.S. concession appears designed to avoid any disruption or additional price increases for American consumers heading into the final four months of the year—from back-to-school purchases to Christmas shopping.
Trump calls on Federal Reserve to make ‘substantial’ rate cuts
President Trump said that the Fed’s high level of interest rates in comparison to other countries was keeping the dollar too strong and making it more difficult for U.S. manufacturers to compete.
Markets recover from Monday sell-off after China buttresses its currency
U.S. stocks on Tuesday rebounded from their worst day of the year after Chinese efforts to stabilize the yuan reassured nervous investors that a global currency war had not been declared.
U.S. stocks claw back lost ground as China stabilizes currency
Technology stocks led the gains in a reversal of Monday’s slump, when they bore the brunt of the market sell-off that pushed U.S. indexes 3% lower.
Treasury Department designates China a ‘currency manipulator’
The United States and China traded blows in an unrestrained economic conflict Monday that sent stock markets plunging and threatened to inflict significant damage on a weakening global economy.
Stocks suffer worst drop of the year after China counters tariffs with cheaper currency
Major stock indexes dropped dramatically on Wall Street on Monday, their worst loss of the year, after China countered President Donald Trump’s latest tariff threat by letting its currency weaken to the lowest level in more than 10 years.
U.S. stock indexes slide as China’s currency hits 11-year low
U.S. stocks nosedived in morning trading Monday as China’s currency fell sharply and stoked fears that the trade war between the world’s two largest economies would continue escalating.
Brazil considers dropping barriers to U.S. ethanol
A biofuel deal between the two nations would come as a relief for the U.S. ethanol industry, which has been beset by a supply glut and the weakest margins in more than 15 years.
Trump says he’ll put 10% tariffs on remaining China imports
President Donald Trump intensified pressure on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn’t already taxed. The move immediately sent stock prices sinking.
Big technology meeting sets stage for more U.S.-China talks
President Trump and senior administration officials met with CEOs from Alphabet Inc.’s Google, Broadcom Inc., Cisco Systems Inc., Intel Corp., Micron Technology Inc., Western Digital Corp. and Qualcomm Inc. on Monday.
Indiana officials plan Mexico trip to tout agriculture, tourism
Indiana Lt. Gov. Suzanne Crouch is set to be part of a delegation of agriculture and tourism leaders that will head to Mexico to develop economic partnerships and strengthen agricultural ties.
S&P 500 hits all-time as U.S.-China trade truce spurs optimism
The broad rally came after the world's two biggest economies agreed over the weekend to resume negotiations.
U.S., China call off escalation of trade war ‘for now’
U.S. tariffs will remain in place against Chinese imports while negotiations continue. Additional trade penalties President Trump has threatened against billions worth of other Chinese goods will not take effect for the “time being.”
U.S. plays down expectations for Trump-Xi meeting with hard line
U.S. officials said President Donald Trump was focused above all on securing real structural reforms in China to address U.S. complaints about intellectual property theft and the widespread use of industrial subsidies among other things.
Supreme Court declines to hear challenge to Trump’s steel tariffs
The U.S. Supreme Court declined to question President Donald Trump’s imposition of more than $4 billion in steel tariffs, turning away an appeal that challenged his use of national security as the legal justification for his trade agenda.
Trump says he’ll talk trade with Chinese president next week
Financial markets greeted the news with relief Tuesday. The Dow Jones Industrial Average closed 1.4% higher, adding 353 points.
Hundreds of companies, groups to testify on Trump’s tariffs
About 320 U.S. company and trade association representatives are set to appear over seven days of hearings starting Monday on President Donald Trump’s latest proposed tariffs on Chinese goods.
While Trump wages trade war, Pence tries to ease GOP anxiety
Vice President Mike Pence is on a quiet mission to advance the administration’s top legislative priority for the year—the troubled trade deal—and, with it, just maybe hold together a fraying Republican coalition.
Businesses showing discontent over Trump’s trade policies
President Donald Trump's aggressive and wildly unpredictable use of tariffs is spooking American business groups, which have long formed a potent force in his Republican Party.